Answer:
A credit to an unearned revenue account
Explanation:
Ordinarily, when cash is received from a person whereas service has not been performed, the accounting entry is to debit cash account and credit the unearned revenue account.
Here, the receipt of cash means that revenue was realized however, the service expected have not been performed hence necessitated crediting the unearned revenue account and a debit to the asset cash for the amount received.
Answer: The decision to migrate is an investment decision based on differences in earnings.
Explanation: Migration is the process of individuals moving from an original place to a new location in search of safer place or better income. A migration for better income is an investment decision that if successful would yield an increase in earnings for the individual.
Answer:
The annual expected loss is $1,250
Explanation:
The annual expected loss can be calculated by multiplying the probability that a risk will occur in a particular year (ARO) by the expected monetary loss every time a risk occurs, (SLE).
ALE=ARO*SLE
In this case,
ARO = 50%
SLE is $2,000 to $3,000. We consider an average so SLE is $2,500
ALE= $2,500 *50%=$1,250
Answer:
Monthly payment =$32,618.05
Explanation:
<em>To arrive at the monthly installment, we would calculate the total interest due on the loan for nine months, add it to the principal and then divided the sum by 9 months</em>
<em>The monthly installment</em>
= (Principal + total interest for 9 months)/ number of months
<em>Interest for 9 months </em>
= 9%× 9/12 × 275,000
= $18,562.5
<em>Monthly installment</em>
= (275,000 + $18,562.5)/9
=32,618.05 per month
Diminishing marginal product of labor causes the average variable cost curve to option A: rise.
Since the marginal product for each extra worker is rising, total variable costs rise as production rises but at a decreasing pace. The overall variable cost increases at a rising rate as the marginal product declines. This will consequently cause the average variable cost curve to rise.
When advantageous modifications are made to input variables that affect overall production, marginal productivity often decreases.
The productivity obtained from each additional unit produced once a factor of production is enhanced will only minimally increase from one unit to the next, according to the law of diminishing marginal productivity.
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